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Company Registration No. 10187324 (England and Wales)
181 Classic Motors Ltd Unaudited accounts for the year ended 31 May 2023
181 Classic Motors Ltd Unaudited accounts Contents
Page
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181 Classic Motors Ltd Company Information for the year ended 31 May 2023
Director
Malcolm Hazard
Company Number
10187324 (England and Wales)
Registered Office
Units 6-9 Old Great North Road Sutton on Trent Newark NG23 6QS
Accountants
Clearview Accountancy and Finance Ltd Aura Business Centre Manners Road Newark Nottinghamshire NG24 1BS
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181 Classic Motors Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
4,983 
4,983 
Tangible assets
2,500 
2,500 
7,483 
7,483 
Current assets
Debtors
34,336 
42,957 
Cash at bank and in hand
4,606 
5,007 
38,942 
47,964 
Creditors: amounts falling due within one year
(63,086)
(65,402)
Net current liabilities
(24,144)
(17,438)
Total assets less current liabilities
(16,661)
(9,955)
Creditors: amounts falling due after more than one year
(3,272)
(5,907)
Net liabilities
(19,933)
(15,862)
Capital and reserves
Share premium
(2)
(2)
Profit and loss account
(19,931)
(15,860)
Shareholders' funds
(19,933)
(15,862)
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 February 2024 and were signed on its behalf by
Malcolm Hazard Director Company Registration No. 10187324
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181 Classic Motors Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
181 Classic Motors Ltd is a private company, limited by shares, registered in England and Wales, registration number 10187324. The registered office is Units 6-9, Old Great North Road, Sutton on Trent, Newark, NG23 6QS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 June 2022
4,983 
At 31 May 2023
4,983 
Amortisation
At 1 June 2022
- 
At 31 May 2023
- 
Net book value
At 31 May 2023
4,983 
At 31 May 2022
4,983 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2022
678 
6,710 
7,388 
At 31 May 2023
678 
6,710 
7,388 
Depreciation
At 1 June 2022
295 
4,593 
4,888 
At 31 May 2023
295 
4,593 
4,888 
Net book value
At 31 May 2023
383 
2,117 
2,500 
At 31 May 2022
383 
2,117 
2,500 
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181 Classic Motors Ltd Notes to the Accounts for the year ended 31 May 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
8,379 
8,723 
Trade debtors
25,957 
34,234 
34,336 
42,957 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
21,944 
(20,390)
Trade creditors
14,749 
59,544 
Taxes and social security
8,549 
5,582 
Other creditors
17,844 
20,666 
63,086 
65,402 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
3,272 
5,907 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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